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I went into a starbucks for the first time in forever recently and was shocked how expensive drinks are now. Hope their slide into irrelevance speeds up with this nft bullshit!
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# ? Sep 13, 2022 00:01 |
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# ? Jun 12, 2024 05:26 |
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But if I want new coffee experiences why do I also need a scam jpg?
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# ? Sep 13, 2022 00:03 |
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Scam jpegs have a(n even) higher margin.
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# ? Sep 13, 2022 00:09 |
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Gutcruncher posted:But if I want new coffee experiences why do I also need a scam jpg? p sure its some hey kids dot gif energy edit: actually, i literally saw someone wearing bayc merch while taking a walk in my very suburban neighborhood today, so, i'm not sure how to feel. the internet may be leaking
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# ? Sep 13, 2022 01:28 |
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I saw a homeless person wearing an ape shirt on the bus. That was peculiar.
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# ? Sep 13, 2022 01:32 |
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when crypto people say decentralized they really just mean all the rich people who control it never have to meet up and can live anywhere, it's like a job posting saying it's 100% remote, but for the rich
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# ? Sep 13, 2022 01:39 |
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deep dish peat moss posted:when crypto people say decentralized they really just mean all the rich people who control it never have to meet up and can live anywhere, it's like a job posting saying it's 100% remote, but for the rich
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# ? Sep 13, 2022 01:54 |
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NorgLyle posted:I was watching a docuseries on HBOMax about 'anarchists' and was somewhat surprised to learn the vast preponderance of them are rich guys who don't want to pay taxes. those are just libertarians who aren't afraid of the label anarcho-capitalist (no government, all corporation)
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# ? Sep 13, 2022 02:22 |
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Aramis posted:Well, to be fair on the second point, there "is" something there to prevent it in the sense that validators are incentivized to not gently caress with the system as it would dramatically devaluate their assets. After all, relying on actor rationality is a well-established way to provide stability. It would dramatically devalue someone's assets, the moment there are enough non-PoS assets on the other side of open buy orders to make a 50%+1 attack worth it. Edit: didn't even notice the dual meaning of PoS in there, leaving it because if anything it improves the point. Jean-Paul Shartre fucked around with this message at 02:30 on Sep 13, 2022 |
# ? Sep 13, 2022 02:28 |
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JohnCompany posted:It would dramatically devalue someone's assets, the moment there are enough non-PoS assets on the other side of open buy orders to make a 50%+1 attack worth it. The theory is that the moment someone pulls off something like this, every single Eth drops in effective value, including the staked ones. The validator has a literal vested interest in not doing it, since they need to have a lot of PoS assets in the first place to be in this position. Eths are only worth anything as long as the system "works". A 50%+1 attack would be direct observable evidence that it doesn't. Aramis fucked around with this message at 03:07 on Sep 13, 2022 |
# ? Sep 13, 2022 02:54 |
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Aramis posted:The theory is that the moment someone pulls off something like this, every single Eth drops in effective value, including the staked ones. The validator has a literal vested interest in not doing it, since they need to have a lot of PoS assets in the first place to be in this position. No, I understand the theory. My point was the minute there are sufficient buy orders open offering enough non-ETH assets in exchange such that you can execute the attack, close the buy orders and walk away with enough in not-ETH and so not-yet-devalued assets, the fraction of which are gained in your attack being worth more than your loss in staked ETH the theory no longer holds. Whether such a condition could in fact occur I have no idea.
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# ? Sep 13, 2022 03:17 |
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How does nobody get a scam vibe out of this poo poo? I had someone I know suddenly gain interest in it. It's like not even an attempt at a ponzi here.presend.io/ posted:CRYPTOCURRENCY TRANSACTION PROTECTION SOFTWARE I think they paid a 12 year old to promote it, as well. https://www.youtube.com/watch?v=cjA6XSh0qsE It's actually more of a thought process for me to try to envision how someone thought this was unique. lol. notwithoutmyanus fucked around with this message at 03:29 on Sep 13, 2022 |
# ? Sep 13, 2022 03:26 |
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notwithoutmyanus posted:How does nobody get a scam vibe out of this poo poo? I had someone I know suddenly gain interest in it. It's like not even an attempt at a ponzi here. If you can't trust "wolfer finance" then who can you trust? I heard they make a great cola.
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# ? Sep 13, 2022 03:44 |
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notwithoutmyanus posted:How does nobody get a scam vibe out of this poo poo? I had someone I know suddenly gain interest in it. It's like not even an attempt at a ponzi here. Have you ever seen TikTok "finance influencers"? Anyone and every one of the rubes who watch them and there are LOTS
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# ? Sep 13, 2022 05:01 |
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King Carnivore posted:I saw a homeless person wearing an ape shirt on the bus. That was peculiar. Sold everything except the shirt on my back to invest in apes.
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# ? Sep 13, 2022 08:40 |
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notwithoutmyanus posted:I think they paid a 12 year old to promote it, as well. Not even 15k subs lol
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# ? Sep 13, 2022 11:54 |
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The new experience is that you coffee in on the blockchain*! * its actually just a url to the coffee
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# ? Sep 13, 2022 11:57 |
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NFTs have made it easier to identify which companies have brain rot on the inside
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# ? Sep 13, 2022 12:01 |
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Bitcoin had the biggest inflows to dump Bitcoin on exchanges I've ever seen in 2 years of monitoring this data. If there's ever a time to expect butts are about to go *down* over the next week or two, this is it. Last thing even close was March. CryptoQuant Alert, [9/13/22, 6:54 AM] [ Forwarded from CryptoQuant Alert ] 🚨🚨🚨 10,874.98 #BTC ($243,556,778) aggregated inflows to #Coinbase Pro CryptoQuant Alert, [9/13/22, 6:54 AM] [ Forwarded from CryptoQuant Alert ] 🐳🐳🐳 9,991.07 #BTC ($225,385,428) aggregated inflows to #Huobi Global CryptoQuant Alert, [9/13/22, 6:54 AM] [ Forwarded from CryptoQuant Alert ] 🐳🐳🐳 30,897.13 #BTC ($696,591,441) aggregated inflows to #Huobi Global
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# ? Sep 13, 2022 12:59 |
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notwithoutmyanus posted:Bitcoin had the biggest inflows to dump Bitcoin on exchanges I've ever seen in 2 years of monitoring this data. If there's ever a time to expect butts are about to go *down* over the next week or two, this is it. Last thing even close was March. Thanks for posting this Do you have anyway to find out if these are the bitcoins from the MtGox settlement? poo poo thats like a billion dollars in butts
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# ? Sep 13, 2022 13:07 |
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Ups_rail posted:Thanks for posting this I have heard mixed information on this as they haven't even ended the ability to join/claim as part of the class action or however that works, so I don't know. And yes, that's just this morning (I'm on central US time for those timestamps). Usually $10-50m in a day is something small but this is just edit: and apparently another today already. 🐳 1,500.01 #BTC ($33,894,697) aggregated inflows to #Bitfinex notwithoutmyanus fucked around with this message at 13:26 on Sep 13, 2022 |
# ? Sep 13, 2022 13:15 |
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Its not Mt Gox its Mt Fed (inflation report came out today and was higher than expected)
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# ? Sep 13, 2022 16:49 |
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PhazonLink posted:dumb question but does the magical doomsday spell of 50+% attack/thing exists, like what stops all the biggest players from just getting into a static stasis the instant this is implemented? the entire reason bitcoin mining wastes so much power is to make a 50% attack really loving expensive to run
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# ? Sep 13, 2022 17:07 |
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Wow, such a great inflation hedge!
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# ? Sep 13, 2022 17:10 |
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HappyHippo posted:Wow, such a great inflation hedge! Duh, its bitcoin winter, there are going to be drops every now and again. But once bitcoin spring comes around it will rocket back up to 80,000!
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# ? Sep 13, 2022 17:11 |
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Starbucks workers: "Hey, we want to form a union." Starbucks: "No. How about some NFTs instead?"
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# ? Sep 13, 2022 18:32 |
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HappyHippo posted:Wow, such a great inflation hedge! I was just thinking about this. For a currency that is supposedly outside of the sphere of influence of centralized fiat currency, it sure seems to take a poo poo in tandem with USD's inflation woes.
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# ? Sep 13, 2022 20:10 |
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Anyone following the Ethereum ”merge” to proof of stake? It’s supposed to cut down on energy consumption by “99%”. This has been delayed a few times but is supposedly happening tomorrow. I’m not sure how this fundamentally changes much when it’s not helping address the lack of efficiency of transactions per sec, but I’m just a normie
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# ? Sep 14, 2022 00:29 |
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i was interested until i realized it wasn't proof of steak
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# ? Sep 14, 2022 00:47 |
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Nuts and Gum posted:Anyone following the Ethereum ”merge” to proof of stake? It’s supposed to cut down on energy consumption by “99%”. This has been delayed a few times but is supposedly happening tomorrow. All the miners are going to fork into etherium 3.0 and cut vitalik out of it.
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# ? Sep 14, 2022 02:25 |
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Mozi posted:i was interested until i realized it wasn't proof of steak That comes the day after usually unless you have GI problems
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# ? Sep 14, 2022 03:25 |
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Nuts and Gum posted:Anyone following the Ethereum ”merge” to proof of stake? It’s supposed to cut down on energy consumption by “99%”. This has been delayed a few times but is supposedly happening tomorrow. You can type "the merge" into google and get a countdown Currently 1 day and 42 mins https://i.imgur.com/g5jM3Rq.mp4 I would blow Dane Cook fucked around with this message at 05:04 on Sep 14, 2022 |
# ? Sep 14, 2022 04:59 |
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Nuts and Gum posted:Anyone following the Ethereum ”merge” to proof of stake? It’s supposed to cut down on energy consumption by “99%”. This has been delayed a few times but is supposedly happening tomorrow. It's gonna inject a huge amount of panic into the market.
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# ? Sep 14, 2022 05:19 |
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Somfin posted:It's gonna inject a huge amount of panic into the market.
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# ? Sep 14, 2022 05:20 |
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quote:Proof crypto is dead (a professor’s perspective)
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# ? Sep 14, 2022 10:05 |
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Main Paineframe posted:the entire reason bitcoin mining wastes so much power is to make a 50% attack really loving expensive to run And it failed miserably to do this, because it is hyper sensitive to economy of scales Quoting David Rosenthal relecture of DARPA's report "Are Blockchains Decentralized ?" It is well known that Bitcoin is economically centralized: in 2020, 4.5% of Bitcoin holders controlled 85% of the currency. But what about Bitcoin’s systemic or authoritative centralization? As we saw in the last section, Bitcoin’s Nakamoto coefficient is four, because taking control of the four largest mining pools would provide a hashrate sufficient to execute a 51% attack. In January of 2021, the Nakamoto coefficient for Ethereum was only two. As of April 2022, it is three. Crypto bros have completely ignored externalities, living in the dream world of libertarians. So their attempt to solve Sybil attack is loving stupid by design
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# ? Sep 14, 2022 10:09 |
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Salt Fish posted:All the miners are going to fork into etherium 3.0 and cut vitalik out of it. You'd think how often these folk talk about ~institutional interest~ and being the currency of the future that negligible power usage would actually be a good thing, championed even. Otherwise one has to wonder if all any of this is actually about is enriching oneself at whatever cost? Surely it can't be about that, can it?
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# ? Sep 14, 2022 10:19 |
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Durzel posted:Has there been any attempt at making a credible argument for doing it, or is it just dancing around "we want to be able to burn energy to make funbux" ? Forking Ethereum would only add another useless coin on the pile of useless coins , and there would be unexpected and funny side effect with "smart" contracts now. a good read on this https://blog.dshr.org/2022/08/forking-ethereum.html#more
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# ? Sep 14, 2022 10:56 |
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It seems likely they'll attempt a fork. I just don't see it going anywhere. The miners are in deep denial right now.
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# ? Sep 14, 2022 11:01 |
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# ? Jun 12, 2024 05:26 |
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I feel like I missed something going down with Etherium. Aren't they basically the core of everything crypto at this point? Feels like something getting hosed up with them would probably trigger the big crash and run.
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# ? Sep 14, 2022 11:22 |